Sidus Space Q1 FY26 net loss narrows 19% to $5.2 million; revenue rises 51% to $359,000

Sidus Space

Sidus Space

SIDU

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  • Sidus Space posted Q1 revenue of USD 359,000, up 51% year over year.
  • Net loss narrowed 19% to USD 5.2 million; loss per share improved to USD 0.08.
  • Gross loss tightened to USD 1.1 million as cost of revenue fell 25% to USD 1.4 million.
  • Cash totaled USD 27.3 million at March 31 with no outstanding term debt; a registered direct offering completed April 21 generated USD 58.5 million in gross proceeds.
  • Quarter included initial sub-5-meter imagery delivery from HEO USA camera aboard LizzieSat-3, expanded Lonestar StarVault payload work, flight-ready Fortis VPX platform for LizzieSat-4 and -5, with CEO Carol Craig citing disciplined cost control and on-orbit execution.


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